20th April 2020
£1.25 Billion Support Package for Innovative Firms
2 min read
Support for Innovative Firms
UK businesses driving innovation and development will be helped through the coronavirus outbreak with a £1.25 billion government support package, the Chancellor announced today (20th April 2020).
The package, called the Future Fund, includes a £500 million investment fund for high-growth companies impacted by the crisis, made up of funding from government and the private sector.
SMEs focusing on research and development will also benefit from £750 million of grants and loans.
UK businesses driving innovation and development will be helped through the coronavirus outbreak with a £1.25 billion government support package, the Chancellor announced today.
Rishi Sunak said the targeted and tailored help would ensure firms in some of the most dynamic sectors of the UK economy – ranging from tech to life sciences – are protected through the crisis so they can continue to develop innovative new products and help power UK growth.
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